Investors At Wema Bank, UACN, Others Pocket N183.59 billion, As Bourse Rises

At the end of trading on Wednesday, investors pocket N183.59 billion as the market capitalisation appreciated by 0.71 per cent.

The gain lifted the market capitalisation to N25.95 trillion from Tuesday’s N25.77 trillion. 

Also, the All-Share Index appreciated from 47,322.97 ASI to 47,660.04 ASI, after gaining 337.07 basis points during trading.

About 107.01 million shares were traded in 3,227 deals on Wednesday, worth N1.31 billion, in contrast to the N1.64 billion investors parted with to exchange 120.94 million shares on Tuesday in 3,022 deals. 

Top five gainers 

Wema Bank share appreciated by N0.30kobo to rise from N3 to N3.30kobo per share. 

UAC Nigeria grew by N0.95kobo, up from N9.55kobo to N10.50kobo per share. 

Academy ended trading with N1.39kobo from N1.27kobo per share, rising by N0.12kobo. 

United Capital gained N1 to end trading at N13.35kobo, having opened with N12.35kobo. 

Associated Bus Transport stock was up by 8 per cent closing with N0.27kobo from N0.25kobo per share. 

Top five losers 

Royal Exchange depreciated by 10 per cent, dwindling from N0.70kobo to N0.63kobo per share.   

Redstar Express also fell by N0.21kobo to end trading at N2.06, after opening with N2.27kobo per share.   

Prestige followed the same path, losing 8.51 per cent after trading hours, to sell at N0.43kobo from N0.47kobo per share. 

Nigerian Breweries reported a decline of N3.20kobo from previous day’s share price of N45.20kobo to end trading at N42 per share.  

RT Briscoe share depreciated to N0.27kobo from N0.29kobo, after losing 6.90 per cent during trading hours. 

Top five trading equities in stock exchange 

FBN Holdings reported 12.52 million shares valued at N139.63 million were traded on its floor. 

Fidelity Bank recorded 10.25 million shares valued at N42.19 million. 

Zenith Bank saw investors trade 8.03 million of its shares valued at N174.54 million. 

Wem Bank recorded 5.85 million shares exchanged on its floor, worth N18.50 million. 

Stanbic IBTC reported 5.05 million shares valued at N154.52 million exchanged investors’ hands.

Fakoyejo Olalekan

+ posts

• Over N535.37bn Gained By Shareholders In Dangote Sugar, Tantalizer, Others
• Negative Signal: Board Director, Sola David-Borha, Sells Off All Shares In Stanbic IBTC
• NLC To Embark On Warning Strike On Tuesday
• CBN-backed Official Window Record Increase In Dollar Rate, USD Falls In Black Market